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Mergers & Acquisitions

  • June 14, 2019

    AGs' Sprint-T-Mobile Challenge Tests States' Influence

    Ten state attorneys general came out swinging on Tuesday with a challenge to the pending Sprint-T-Mobile merger, preempting pending decisions from both the Federal Communications Commission and the U.S. Department of Justice and raising the possibility that the states might have more influence over the merger’s outcome than usual.

  • June 14, 2019

    Digital Printing Co. Sued Over $1.7B Buyout's Terms

    Shareholders in Electronics for Imaging Inc. filed suit Thursday in Delaware federal court claiming the company’s planned sale to an affiliate of private equity firm Siris Capital Group is based on information that's missing key data, which shareholders need to make an informed decision on the $1.7 billion deal.

  • June 14, 2019

    DOJ Says CVS-Aetna Judge Must Let It Rebut 'Inaccuracies'

    Despite previous denials by a federal judge, the U.S. Department of Justice is again seeking to rebut "inaccuracies" in testimony from challengers at a recent evidentiary hearing examining the settlement that accompanied the DOJ's 2018 decision to approve CVS' purchase of Aetna.

  • June 14, 2019

    Deals Rumor Mill: WeWork, Maxar Technologies, Total

    WeWork is reportedly mulling a deal to take control of its Indian unit, Maxar Technologies is considering selling its space robotics unit, and Total SA is close to snapping up a stake in Adani Gas.

  • June 14, 2019

    DLA Piper Lures Back Former Corporate Practice Partner

    DLA Piper announced on Thursday that its newest partner in Silicon Valley is a specialist in corporate matters who had worked as a partner at the firm once before, prior to ensuing stints at Jones Day and Morrison & Foerster LLP.

  • June 14, 2019

    Helicopter Leasing Co. Calls Ch. 11 Auction NDA Suit Baseless

    A helicopter leasing company is asking a New York bankruptcy court to dismiss claims by asset manager Macquarie Group that it violated a non-disclosure agreement in the auction of bankrupt Waypoint Leasing's chopper fleet, calling the suit a baseless "fishing expedition."

  • June 14, 2019

    Don’t Miss It: Vinson, Nixon Peabody Lead Week’s Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Vinson & Elkins and Nixon Peabody. Here, Law360 recaps the ones you might have missed.

  • June 14, 2019

    6 Firms Steer Hexaware's $182M Deal For Digital Consultant

    Indian internet technology consultant Hexaware said Friday it will pay $182 million to take over Mobiquity, a U.S.-based provider of digital customer experience services, with Skadden, Houthoff and J. Sagar Associates steering the buyer, and Pepper Hamilton, Grey Street Legal and Stibbe guiding the seller.

  • June 14, 2019

    Taxation With Representation: Skadden, Wachtell, Fenwick

    In this week’s Taxation with Representation, Dassault buys Medidata for $5.8 billion, Salesforce buys Tableau for $15.7 billion, Apollo snaps up Shutterfly for $2.7 billion and TPG Pace will take over Accel to create an $884 million company.

  • June 14, 2019

    It's Time For M&A Attys To Prepare For A Possible Recession

    Economists believe a recession may be on the horizon after the U.S. economy has been steadily expanding for about 10 years, meaning mergers and acquisitions attorneys must be ready for how a downturn might affect the deal-making market.

  • June 14, 2019

    Health Hires: Lathrop Gage, Goodwin, Shockwave Medical

    Lathrop Gage picked up an intellectual property attorney in Chicago, Goodwin Procter bolstered its life sciences practice in Hong Kong and medical device company Shockwave Medical Inc. hired a new general counsel, headlining Law360's latest roundup of personnel moves in the health care and life sciences arena.

  • June 13, 2019

    SEC Set To Tackle Shareholder Proposal, Proxy Reg Revisions

    The U.S. Securities and Exchange Commission is considering changing the thresholds for submitting shareholder proposals and amending regulations that could affect proxy firms, potentially tackling two hot-button corporate governance topics that some lawyers say are ripe for action.

  • June 13, 2019

    8th Circ. Won't Unblock ND Med Merger Facing FTC Challenge

    An Eighth Circuit panel refused to upend a preliminary injunction blocking a proposed merger between two North Dakota health care providers, siding in a published opinion Thursday with Federal Trade Commission arguments that a district judge didn’t improperly shift the burden of proof onto the companies.

  • June 13, 2019

    Deals Rumor Mill: Alibaba, Grupo Argos, Patterson-UTI

    Alibaba Group has reportedly filed confidential plans to list in Hong Kong, Grupo Argos SA has reached out to Summit Materials about merging, and Patterson-UTI Energy could sell off its pressure pumping business.

  • June 13, 2019

    Weinstein Buyers Must Fulfill Investment Deals, Court Told

    A pair of private equity-backed entities on Thursday urged a Delaware federal court to reverse a decision that the company that bought the assets of bankrupt movie studio The Weinstein Co. won’t have to assume the obligations under investment agreements related to a dozen film projects.

  • June 13, 2019

    Orchids Paper DIP Punted As Possible Sale Battle Brews

    Approval of Orchids Paper Products Co.'s Chapter 11 debtor-in-possession financing has been punted to another day to see if a resolution can be reached to thwart another potential battle with unsecured creditors over a $175 million credit bid submitted from a private-equity-backed lender that is serving as stalking horse bidder.

  • June 13, 2019

    Australia Watchdog Questions $324M Agriservices Deal

    Australia's antitrust enforcer Thursday raised concerns about an agriculture supply company's plan to buy one of its biggest competitors on the continent and called on the company to submit more information to help the agency weigh the deal's impact on the country's agriservice market.

  • June 13, 2019

    KKR Sells Copper Foil Co. To South Korean Group For $1B

    KKR has inked a deal to sell KCF Technologies to an affiliate of South Korean conglomerate SK Group for 1.2 trillion South Korean won ($1 billion), the private equity company said in a statement released Thursday.

  • June 13, 2019

    Security Tech Co. Inks $595K Deal To End Stock-Drop Suit

    Security technology company Global Digital Solutions Inc. will shell out $595,000 to resolve claims that it artificially inflated its essentially worthless stock in what investors called an "extraordinary result" in New Jersey federal court Wednesday.

  • June 13, 2019

    3 Firms Steer TPG Blank Check Co.'s $884M Slot Biz Deal

    A blank check company backed by TPG Capital said Thursday it will take over slot machine operator Accel Entertainment in a deal valuing the combined entity at $884 million, with Weil Gotshal representing the buyer and Fenwick & West and Much Shelist on the sell side.

  • June 12, 2019

    State AGs Take Aim At 'Creepy' Google, Facebook Monopolies

    Several state attorneys general expressed a keen interest Wednesday in potential antitrust enforcement actions against Google, Facebook and other major technology companies, with one even suggesting a probe may already be underway. 

  • June 12, 2019

    Richards Layton Malpractice Suit Not Time-Barred, ISN Says

    ISN Software Co. told the Delaware Supreme Court a lower court was wrong to dismiss its malpractice claims against Richards Layton & Finger PA because the company rightly brought its claim only after suffering actual damages as a result of purported bad legal advice.

  • June 12, 2019

    Southcross Ch. 11 Sale Delayed By 'Overwhelming Response'

    Bankrupt natural gas handler Southcross Energy told a Delaware judge Wednesday that it needs to extend its Chapter 11 sale timeline into September because the company has received such an "overwhelming response" to its asset marketing efforts that the additional time is necessary to parse through the anticipated bids.

  • June 12, 2019

    Volkswagen Drops $1B On Swedish Battery Cell Maker

    Volkswagen said Wednesday it is investing roughly €900 million ($1 billion) in battery maker Northvolt AB in a deal that will also see the German automaker pick up a 20% stake in the Swedish battery cell producer.

  • June 12, 2019

    Perkins Coie Snags Telecom Expert From Paul Hastings

    Perkins Coie has snapped up a media and telecommunications expert from Paul Hastings to join its technology transactions, privacy, and mergers and acquisitions practice in its Washington office.

Expert Analysis

  • SEC Proposes Welcome Streamlining Of M&A Disclosures

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    The U.S. Securities and Exchange Commission recently proposed extensive changes to financial disclosure requirements under Regulation S-X for business acquisitions and dispositions. These changes should further simplify line-item disclosures with respect to capital formation, and reduce the time and expense associated with preparing them, say attorneys at Skadden. 

  • The SEC Is Cracking Down On Insider Trading By Lawyers

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    A recent series of actions brought by the U.S. Securities and Exchange Commission suggests that insider trading by lawyers may be on the rise. Legal departments and law firms should understand the four types of cases the SEC is pursuing in this area, says Daniel Hawke of Arnold & Porter.

  • Series

    Why I Became A Lawyer: A Fateful Phone Call

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    When I was growing up, my mother was always the more mild-mannered parent. But during a trans-Atlantic phone call in 1991, when I told her I wanted to go to culinary school instead of law school, she started yelling — at a volume I had never heard from her, says Jason Brookner of Gray Reed.

  • Law Firms Can Do Better With Their Mentoring Programs

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    There are a few practical, proactive steps law firms can take to create a mentoring program that pays dividends — instead of creating a mediocre program that both parties see as an obligation, says Kate Sheikh of Major Lindsey & Africa.

  • Real-World Questions For Better Data Privacy Compliance

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    To help companies think through their approach to tough data security issues, attorneys at Willkie discuss three common scenarios that test how the rubber meets the road in privacy and data security planning.

  • Opinion

    The Misguided Criticism Of Printing Industry Merger

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    Quad/Graphics' proposed acquisition of LSC Communications is an example of printers taking action to stay alive and compete in today's media industry, and antitrust concerns appear to be both misplaced and ironic, says Derek Dahlgren of Rothwell Figg.

  • 'Rocket Docket' Justifies Its Name For 11th Straight Year

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    The U.S. District Court for the Eastern District of Virginia “rocket docket” is still the fastest federal civil trial court in the country despite some recent trends causing its median time to trial to grow to 13.2 months, says Robert Tata of Hunton.

  • Companies In Canada Must Prepare For Shareholder Activism

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    The trend of increased shareholder activism in Canada continues in 2019, with 10 public proxy contests launched since January. It is important that boards and management try to listen and understand the views of shareholders — including activists — in good faith, say Jonathan Feldman and Michael Partridge of Goodmans.

  • Managing ESG Consultants In Private Equity Transactions

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    Integration of environmental, social and governance factors is becoming mainstream in private equity investment. Jennie Morawetz at Kirkland provides a framework for legal counsel tasked with integrating an outside-consultant led ESG due diligence process into a client's other due diligence work streams.

  • 5 Key Issues In Acquiring Transportation Infrastructure Assets

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    There is a growing trend of governmental agencies contracting and leasing viable operating transportation infrastructure assets. Such opportunities for the private sector may exist in connection with any contemplated upgrade, extension or other modification of an asset that a governmental entity needs to finance, say José Morán and Juan Gonzalez of Baker McKenzie. 

  • What May Be Ahead For PE Infrastructure Investment In Asia

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    Despite some softening in Asian infrastructure deal volumes in 2018 and the first part of 2019, both fundraising targets and long-term investment prospects remain strong for private equity sponsors, say Scott Jalowayski and James Jackson at Gibson Dunn.

  • Measuring The Value Of A Law Firm's Social Media Efforts

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    Most legal marketers struggle to show the return on investment of their social media efforts, but establishing and answering several key questions can help demonstrate exactly how social media programs contribute to a law firm's bottom line, say Guy Alvarez of Good2bSocial and communications consultant Tom Orewyler.

  • Opinion

    Millennials Are Pushing Back Against Law Firm Sexism

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    A recent survey of millennial attorneys shows men and women are having very different BigLaw experiences, but share similar goals. It's imperative that partners recognize that they’re the ones in a position to change the culture, says Michelle Fivel of Major Lindsey.

  • 3 Law Firm Business Tactics To Support A Niche Practice

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    Once you've chosen a strategy for your law firm, what tactics will promote success? There are three tactical areas important to all firms, regardless of specialty or size, but particularly critical for today’s niche firms, say Yussuf Aleem and Jacob Slowik of Joseph Aleem.

  • Del. Courts Continue Limiting Books And Records Demands

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    As stockholders make increasing use of statutory demands to inspect a corporation’s books and records, Delaware courts have been imposing additional limitations on this litigation tool, specifically in the areas of email production requests and statutorily exculpated conduct, say Matt Solum and Stephanie Shimada of Kirkland.